Webull vs TD Ameritrade Comparison: 2024
About Webull
About Webull
Founded in 2017, Webull Financial LLC is a U.S. based online broker focusing on commission free trading. They are quite popular among millennials with their free services and posing a threat to other players in the market.
Starting as a research firm and then later expanding to a brokerage firm, it still has an edge over firms like Robinhood when it comes to technical research tools and indicators.
Webull is regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). It also protects you against the loss of securities and cash held by you upto $500,000 ($250,000 limit for cash) being a member of SIPC.
Features of Webull
• Webull is best suited for active and tech-savvy traders who look for low trading costs and a great mobile experience. • It offers US based stocks, Options and ETFs. The best part is that stocks and options are commission free. • No
About TD Ameritrade
TD Ameritrade: An Introduction
Founded in 1975, US based TD Ameritrade is one of the best brokers for beginners with zero account minimums and free stock/ ETFs trading. As we know millions of new traders have joined the market during COVID-19 times looking at it as an opportunity to earn money, TD Ameritrade is one of the largest online brokers who is expanding on a similar edge from many years.
It is popular for its seamless mobile trading experience, best educational resources and has a great platform Thinkorswim which offers you simulator trading. Regulated by top-tier US regulators like SEC and FINRA, it is trusted among traders.
TD Ameritrade is currently owned by TD Bank despite the announcement made by Charles Schwab in November’19 that it will acquire Ameritrade. They will definitely become a brokerage giant whenever combined.
TD Ameritrade Features
• TD Ameritrade offers you a wide selection of investment with stocks, bonds, forex,
Webull vs TD Ameritrade Account Opening Charges: 2024
| Charge | Webull | TD Ameritrade |
|---|---|---|
| Demat Account Opening Charges | N/A | N/A |
| Trading Acc Opening Charges | NIL | N/A |
| Trading Account AMC | No annual or inactivity fees; $75 full/partial transfer fee. | N/A |
| Demat Account AMC | N/A | N/A |
Webull vs TD Ameritrade Brokerage Charges and Plans : 2024
| Charge | Webull | TD Ameritrade |
|---|---|---|
| Plan Name | N/A | N/A |
| Equity Delivery | N/A | N/A |
| Equity Intraday | N/A | N/A |
| Equity Futures | N/A | N/A |
| Equity Options | N/A | N/A |
| Currency Futures | N/A | N/A |
| Currency Options | N/A | N/A |
| Commodity Options | N/A | N/A |
| Mutual Fund | N/A | N/A |
Webull vs TD Ameritrade Margin / Exposure: 2024
| Segment | Webull | TD Ameritrade |
|---|---|---|
| Equity Delivery | N/A | N/A |
| Equity Intraday | N/A | N/A |
| Equity Future | N/A | N/A |
| Equity Options | N/A | N/A |
| Currency Future | N/A | N/A |
| Currency Options | N/A | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |
Other Comparisons of Webull and TD Ameritrade
| Webull | TD Ameritrade |
|---|---|
| Webull vs Interactive Brokers | TD Ameritrade vs Interactive Brokers |